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20131210
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in nbc's own steve handelsman. steve. >> reporter: larry, thanks. this was president obama trying to refocus on helping the middle class that he said relative to the rich was in a long, slow slide from the 1970s and seemed to be doing better when housing and wall street got super hot six years ago. >> when the music stopped and the crisis hit, millions of families were stripped of whatever cushion they had left, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when bu
of sense. thank you. bill grace, paul howard, thank you, gentlemen. >>> i believe obama care is at best, at its absolute best, a terrible product. it's going to be rejected by the country. the question is, do the republicans have a simple and clear response to it? we have a left/right debate on that subject just ahead. >>> later in the show, his holiness pope francis blasted capitalism and somehow believes that big government statism will solve poverty and inequality. your holiness, what about pope john paul ii's successful campaign to end godless soviet communism? that was the ultimate statism that never worked? don't forget, free market capitalism, the best path to prosperity even for the poor. look how strong the people of the ukraine want free market capitalism. i'm kudlow. we'll be right back. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested ove
because a lot of people will take advantage. >> eamon javers, thank you very much. now, even while the obama care failures and embarrassments continue to pile up, when will the administration finally admit that it's time to hit the pause problem until all the problems are fixed or maybe the pause button is not set to work until november 2014. that may be closer to truth. here former obama campaign aide, he was briefed by the obama white house on the health care and grace marie turner, she will be testifying tomorrow on obama health care. what's the thrust of your testimony going to be tomorrow? >> the president has said that oh, we don't need to worry about those 5% of americans, 15 million americans that are losing their health insurance because of individual coverage. he said 85% to 90% of the rest of americans are fine nothing changes for them. what we're talking about is how many changes there are to those in the employer market, 150 million people have coverage through the employer market. and for small businesses and big businesses many of them are going to lose coverage, see
about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also there are too many errors in the reporting back end of the health care.gov website. and today, they admitted to the appallingly big error rate. and 65% oppose a rescue for the health insurance industry. you know what, folks. one big bank bailout five yearers ago more than enough, thanks very much. here is independent senior policy analyst hadley heath and with us democratic strategist tracy sefl, lenwood brooks, policy director for public notice and cnbc contributor james pethokoukis of the american enterprise institute. good evening. heather, let me -- let me begin with you. what is up with this? what are they calling it? a corridor. they're calling it a corridor of assistance for the insurance companies. it soun
. >>> all right. many thanks to carrie wof ford and rick berman. appreciate your points of view. >>> the clock is really ticking on obama care. we know millions of americans have already lost their insurance effective january 1st because of obama care. for those people and anyone else who wants to sign up for new policies and be covered on new year's day, the deadline is actually december 23rd. that's not far away. doesn't say much about the sticker shock of the premiums, even speaker john boehner experiencing that today. take a listen. >> my health insurance premiums are going to double. my co-pays and deductibles triple under obama care. i'm thrilled to death, as you can tell. >> next up, we talk about this fast approaching deadline, sticker shock and the threat to millions of seniors who may also lose their doctors. get ready, folks. we're just minutes away from the first ever "the kudlow report" youth summit. for real college kids, how about that, four real college kids are going to join me live on set to talk about what they think of president obama and obama care and wheth
that he is relying on to finance this whole obama care. they know, p.r. or not, they already know. i think again p.r. is not the problem. >> time will tell for sure. >> no question about it. dominic chu, thanks very much. he will come back later on and talk stock market with me. >>> we have to tell you about another major obama care outrage. despite all that talk from the left about helping people with pre-existing conditions, we have new evidence that it's exactly those kinds of vulnerable folks who may be getting shafted by the new health care law. >>> plus, the truth about skyrocketing deductibles is getting there, too. we have both those stories for you next up. this deductible think, out-of-pocket costs is a killer. so ally bank has a raise your rate cd that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. al
Search Results 0 to 5 of about 6